First time homebuyers Travis and Gentry join us to talk about why they bought a Denver fixer upper with an ADU, and how they decided to convert the ADU into an Airbnb. Find out their great tips for creating systems to automate your Airbnb and how to treat your Airbnb like a business.
In today's environment, we recognize that optimizing your portfolio is becoming more and more challenging. Starting November 15th, we're launching PAM 2.0, a free 5 week Portfolio Analysis Mastermind to help provide clarity.
High interest rates are changing the landscape of commercial deals throughout Colorado and the rest of the country. William Foy and Marcus Davis of Spearhead Commercial Capital join us to explain how they helped a local investor purchase a value-add apartment building in Westminster by including rehab costs in a loan that doesn't have prepayment penalties. While deals may look different these days, it doesn't mean there aren't good opportunities out there.
The September 2022 market stats are out, and our roundtable is back to discuss what they mean and how the Colorado real estate market is trending. Get updates for Denver, Colorado Springs, and Pueblo; find out why our experts think now is a good time to buy; and get the details on some of our latest deals.
If you're like most investors, you assume that holding onto your property for the long-term is always the most financially sound decision. But it turns out there's a lot more that goes into evaluating a property than letting equity grow. Lon Welsh joins us to explain the right way to analyze your property and the options you have to increase your returns. Keep or sell? It's more complicated than you think.
Attention Denver landlords: Are you prepared for the new rental licensing requirements that go into effect in 2023? To help landlords navigate the process, we brought in local property manager Eric Ross and real estate agent/investor Brittney Vernon. They explained the application and inspection process while taking questions from the audience. If you own a rental property in Denver, listen to this episode to find out what you need to know about this new program.
Strategic Partners Marcus Davis and William Foy join us to explain how they helped a client refinance his loans so he can prepare for retirement. With interest rates rising, an adjustable-rate mortgage generated better savings than a fixed-rate loan. Listen to the episode to find out why, and learn how the commercial market is changing with the economy.
Can you get higher returns by paying capital gains tax? Lon Welsh joins us to compare 4 scenarios of investors using their equity to invest with surprising results. Listen to the episode to hear all the details and data.
Will there be a foreclosure boom? Are housing prices dropping? Joe Massey and Lon Welsh join us to go behind today's alarming headlines about recessions and the real estate market. Listen to the episode to learn the truth about 7 economic myths using historical data and analysis.
What do house hackers need to know about estate planning and protecting their assets? Strategic Partner Pam Maass Garrett is a lawyer who specializes in estate planning and shared the most important things house hackers need to consider when it comes to wealth preservation and protecting themselves. She gave us her top 5 tips house hackers need to know to protect themselves, their families, and their property. Three Learning Options! Listen to the podcast "#414: Is Your House Hack Protected? 5 Moves You Can Make Right Now" Denver Real Estate Investing PodcastWatch the YouTube video (at the bottom). Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. How Is Estate Planning Different for House Hackers? Before we dive into the tips, it’s important for house hackers to understand that estate planning looks different for them compared to other real estate investors. Even though you’re living in the property, you need to look at your house hacks as a business. In many ways, house hacking is analogous to owning an apartment complex. There are multiple tenants and common areas, and you need to consider the specific liability that comes with both of these. 1. The Time to Start Planning Is Now You don’t want to put your asset protection or estate plan in place after something bad happens. Making moves after the fact can be considered a fraudulent transfer, and Colorado has a harsh fraudulent transfer act. Pam once represented a woman who was sexually assaulted by her doctor. The woman reported it to the medical board, after which the doctor started moving his real estate assets into his wife’s name. When Pam found out about this, she went to a judge and was able to freeze the doctor’s assets by arguing that he was getting rid of assets in a way that would deprive her client from being able to collect what she was due. Although they settled the case, Pam could have further pressed for additional damages because of his actions. Moral of the story: create a plan ahead of time and never move things around after the fact. 2. Get the Right Insurance in Place Because you’re running a business, you want to get insurance that reflects that fact. A typical homeowner’s insurance policy won’t cover everything, such as tenant injury or flood damage. Work with a broker who’s familiar with commercial insurance and can provide you with the necessary coverage. As the property owner, it’s your responsibility to be aware of potential dangers on the property. Whether it’s an unsafe stairwell or a dog who bites, you are on the hook if something happens on your property. Make sure you resolve potential issues, screen tenants thoroughly, and get the proper coverage. Finally, it’s important to make sure your tenants have renter’s insurance. Because you’re in a situation where one tenant has the potential to damage other tenants’ property, everyone needs to be covered. You don’t want to be responsible for a tenant who left the water running and ruined other people’s belongings. 3. Plan for Disabilities Here are some sobering statistics: 1 in 4 people will be incapacitated at some point. 30% of all people ages 35-65 will suffer a disability for at least 90 days, and at least 1 in 7 will become disabled for at least 5 years or more. What does this mean? It’s vital that you get long term disability insurance, and have a plan for someone to step in and take care of your property if you are unable. Loved ones can’t automatically step in and pay bills, which means you could end up losing your property. Create a plan and get insurance to protect yourself against this outcome. 4. Plan Ahead for Death and How to Preserve Your Wealth A lot of house hacking clients are young and don’t think about dying. But the reality is that if something were to happen, having no plan means your assets go through probate.
Is it ever too late to start investing in real estate? Our guest today is Nicole Rueth, the #1 loan originator in Colorado and owner of 24 doors. She explains to us how she got started investing--at the age of 40! Listen to the episode to learn about her journey, her unique approach to selecting properties, and why she wants women investors to embrace their stories.
The changing market means your investing strategy should change, too. Chris shares how he's shifting his goals to reflect this new reality and take advantage of opportunities. Want to learn about even more strategies? Good news-- we just published "The 2022 Guide to Colorado Real Estate Investing Strategies"! Listen to the episode for all the details.
Denver-based prop tech company Ink is setting out to change real estate contracts for the better. Justin Knoll joins us to talk about how existing technology can be used to modernize contracts and better protect consumers. Listen to the episode to learn more.
The August 2022 Colorado market stats are out, and our roundtable is back to discuss all the trends. A boost in inventory is helping buyers, but should they be worried about too much leverage? Listen to the episode to hear what we think about today's real estate market.
Are you interested in starting a real estate business? Have you done a lot of deals but need help taking it to the next level? Terrance Doyle joins us to talk about the launch of his new community, Value Tribe. By signing up, you'll get access to a community of like-minded real estate professionals, mentorship from pros, and exclusive materials. Listen to the episode to learn more, and go here to sign up: https://valuetribe.terrancedoyle.com/landing
New Investment Opportunity: Samuel Apartments. Get more details and reserve your spot at https://irontoncapital.activehosted.com/f/8
Is it possible to get better returns by trading down? Jeff White joins us to explain how he gets more cash flow and fewer headaches by utilizing a 1031 exchange to trade his underperforming fourplex for two single family homes.
How did VareCo execute its biggest deal to date during the pandemic? Terrance joins us to talk about how a 41-unit apartment building in North Denver generated the most profit yet. Listen to the episode to learn how they did it, and what Terrance plans to do next.
Is it better to directly own an investment property or passively invest in real estate? Lon Welsh joins us to break down the risks and rewards of each approach, and explain how the current economic cycle might impact your decision.
How do investors find the capital to buy real estate? Lon Welsh joins us to highlight six methods you can use to fund your investments, from refinancing to loan options. Listen to the episode to learn more, and find out if you have dead equity.